All Forum Posts by: Tyler Gauthier

Currently, I'm the general manager of a retail store. I'm making $27,000 a year, but this is the last job I'll ever have. When I'm not at the store, I'm at home researching and building my buyers list, and searching for deals throughout the state.

My game is to wholesale properties to build the capital and invest in multifamily properties, following the principles outlined in Brandon's book. I plan to continue wholesaling after purchasing my first quad, in order to suppliment my monthly income, and move forward with the plan quicker. Once I have the capital, I'll start doing fix and flips.

Wholesaling is the best place to start, like you said, because it teaches you to find the best possible deals. It's the foundation of REI and I'm learning new things every day.

Thank you very much for the insight Jerry. One last question I had would be where do I find the probate records and how do I aquire them? It's to my understanding that many counties offer an online listing of weekly probate cases. If this is true, then can I just look them up online? If not, then I'm assuming I would go to the clerk of court and ask for the list. Is there typically a charge for something like this, or do I have to have a good reason for needing this information? Wanting to purchase the Estates is fair enough reason for me, because I'd be helping the heirs out with the burden of having an estate dropped on their shoulders.

I absolutely intend to make it very clear that I am running a business and intend to buy their property. Honestly if they have any reservations I'd just move on to the next probate case.

I intend to email, write a letter, and call each and every administrator and attorney to make sure they know I mean business. Even if the property can't be sold immediately during probate at least they'd know I'm interested in the property, and could either accept or decline my offer while the probate process is taking place.

I intend to find the records from the court house of each probate case, I just don't know what stage of probate they'd be in once the records are released.

Also, I forgot to mention, I would be ideally be purchasing properties with a much higher market value, so I may or may not have to deal with those provisions. 

Yes, I know Louisiana laws can be a bit archaic. I do want to speak to an attorney about the matter, or even other investors in Louisiana who have done this type of investing before.

That was my strategy to begin with, build a solid list of cash buyers and assign my contracts in order to close as fast as possible. Now, when it comes to getting court approval to sell property out of probate, is that something I as the investor need to initiate, or does the seller need to do this?

I've got a few questions about probate investing and I figured I'd ask some seasoned investors before scouring the forums for previous guides (I'd like to spark conversation with other investors as well.)

I've recently learned about probate wholesaling and I'm very interested in focusing on this type of lead. It seems they'd be the most motivated of sellers to work with. All moral stand points aside, and the fact that these sellers have recently lost a loved one, what's inheritently different when it comes to closing one of these deals?

If the property is going through probate court, do you have to wait for the case to be settled before the administrator can sell the property? Or when I go to my County office and get a list of probate cases, have they already been settled if an administrator has been appointed?

At what point in the probate process can the property be sold is my question, in short.

That being said, have any of you had much success in probate wholesaling? I'd love to hear some success stories, and even failure stories.

I'm interested in wholesaling as a means to start making some form of higher income without wasting years of my life climbing the corporate ladder and saving every penny with my current job. After reading Brandon's book, I really want to get that ball rolling, but I'll need the capital to do so, and I find that this would be the best way to find leads and wholesale them to more seasoned investors.

Note: I have every intention of doing my due diligence when it comes to marketing the deals I find to cash buyers. I by no means want to put a bad deal under contract or give a buyer a bad lead either. That's a topic for another discussion.

Thanks BP!

Tyler Gauthier

That sounds great. Name a time that works for you and I'll make it fit my schedule.

Greater Lafayette. I'm willing to work with any deals within the parish, and outside the parish if it's worth my time. I really like the Broadmoor subdivision, and I've tried to snag a few deals there, and also the St. Street area around ULL. Lower middle class is my target, as I'm not too keen on investing in lower income areas just yet.

So, I've heard from many investors that they've had success finding motivated sellers by calling for rent advertisements and signs and asking if they've ever thought of selling their property. Anyone here have any luck with this method? I feel like there could be a rather large amount of land lords who are just tired of dealing with their properties and would rather just be done with them. I've also seen properties with both for sale and for rent signs. That's a flag in my head that shows they're desperate to make something move with the propety.

@Bill Gulley

This is great advice. I'm not completely broke, and I do have money to invest in my business. Any money spent on educating myself is definitely money well spent. I'm a perfectionist sometimes which is one of my greatest flaws. I like to make sure every minute detail is in order before I step into something.

For the most part, I just need a contract that works for wholesaling. I'm not trying to do the crazy guru stuff yet. Just simple contract assignments. I'm sure that a simple purchase agreement would work for that, with the added contract assignment.

I think I'll make a trip down to the book store however.